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Auction: 16050 - British Banknotes including the Collection of the Chartered Institute of Bankers in Scotland
Lot: 2784

(†) Commercial Bank of Scotland Limited, printer's archival specimen £20, 2 January 1918, serial number run 11/A 120/1 to 11/A 150/200, printed signature of L. M. MacKay at lower left, blue on yellow and pale blue underprint, depictions of the bank's principal offices in Edinburgh, Glasgow and London, sculptured frieze at lower centre, reverse bank emblem set in ornate guilloches, perforated CANCELLED
(Pick S325s; Douglas 46-1s), mounting traces, ink date '15. 4. 18' and annotation in top margin, otherwise choice very fine, rare

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Estimate
£450 to £650